Lucid Motors Set to Open Orders for Gravity SUV Amid Financial Pressures

The electric vehicle maker is launching its new SUV to boost sales and address financial challenges, with orders starting November 7.

Lucid Motors will open orders for its Gravity SUV on November 7, with initial offerings of the Grand Touring trim priced at $94,900.
The company expects the Gravity SUV to significantly expand its market reach, aiming for a sixfold increase in addressable market compared to its Air sedan.
Lucid's stock has declined nearly 40% since August, reflecting investor concerns over financial performance and increased share dilution.
The Gravity SUV is expected to rival Tesla's Model X and offers features like over 800 horsepower and a range exceeding 440 miles.
Lucid plans to start production of a more affordable midsize vehicle in 2026, targeting a price around $48,000 to compete with Tesla's mass-market models.